Section 369 of the Companies Act, 2013
Section 369 of the Companies Act, 2013
(Under Part I of Chapter XXI β Companies Authorized to Register under this Act)
π Section 369 β Certificate of Registration of Existing Companies
Text Summary:
When an existing company registers under the Companies Act, 2013 (as per this Part), the Registrar shall issue a certificate of registration, which serves as conclusive evidence that all requirements of registration have been complied with.
β Key Points:
Applicable to Existing Entities:
This section applies to companies like partnership firms, societies, or co-operative societies that are converting into companies under this Act.
Legal Effect of the Certificate:
Once issued, the certificate is proof of valid registration.
It cannot be challenged in court on the ground that registration requirements werenβt fulfilled.
Post-Registration Status:
The company becomes a body corporate as per the Companies Act, 2013.
ποΈ Purpose:
To ensure smooth transition and legal continuity for companies or associations converting to companies under the 2013 Act, giving them corporate status.
π Connected Provisions:
Section 366 β Companies capable of being registered
Section 368 β Vesting of property on registration
Section 370 β Continuation of legal proceedings after registration
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